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Germany current account surplus said to hit record, eclipsing China
Reuters ^ | January 15, 2014 | RENE WAGNER

Posted on 01/15/2014 12:01:24 AM PST by Berlin_Freeper

BERLIN - Germany's world-beating current account surplus probably hit a new record in 2013 of about $260 billion, the Ifo think tank said on Tuesday, prompting the government to pledge to boost domestic spending and investment.

It may even have eked out the first surplus with China since reunification, Ifo said.

Germany's surplus was far higher than China's, the world's leading exporter, which was in second place with $195 billion, Ifo said. Germany's was equivalent to 7.3 percent of gross domestic product (GDP), once again breaching the European Commission's recommended upper threshold of 6 percent.

"Germany was the biggest exporter of capital in the world," Ifo told Reuters in an emailed response to questions.

(Excerpt) Read more at gmanetwork.com ...


TOPICS: Foreign Affairs; Germany
KEYWORDS: germany

1 posted on 01/15/2014 12:01:24 AM PST by Berlin_Freeper
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To: Berlin_Freeper
"Campo Bahia"
2 posted on 01/15/2014 12:15:31 AM PST by Berlin_Freeper (Mia San Mia)
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To: Berlin_Freeper

I’m not surprised.


3 posted on 01/15/2014 12:22:49 AM PST by gattaca (The heart of the wise inclines to the right, but the heart of the fool to the left. Ecclesiastes10:2)
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To: Berlin_Freeper

Holland is quite Germanic and also runs a large trade surplus most years


4 posted on 01/15/2014 12:28:44 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: gattaca

I AM surprised, and impressed, that Germany has a surplus that exceeds China’s. Germany is but a fraction as large as is China. America is being left behind, and not by accident, in my opinion. Barack wants us to have the same status as England, a still great nation, but only a faint shadow of its former influence. That’s how he wants us to be, nicely neutered. I don’t think that will happen though. Fracking and the use of our natural gas resources will make us a very big exporter of industrial fuels. Not to mention, the ongoing invention and innovation in this country.. Sorry Barack, we will reestablish our number one greatness shortly after your exit from our White House. Have fun in your Hawaiian Batchelor pad.


5 posted on 01/15/2014 12:59:07 AM PST by lee martell
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To: lee martell

I guess I’m not surprised based on the culture differences.


6 posted on 01/15/2014 1:31:54 AM PST by gattaca (The heart of the wise inclines to the right, but the heart of the fool to the left. Ecclesiastes10:2)
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To: Berlin_Freeper

Yeah, but we’ve got their gold bullion and we ain’t giving it back.


7 posted on 01/15/2014 2:22:20 AM PST by ComputerGuy (HM2/USN M/3/3 Marines RVN '66-'67)
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To: Berlin_Freeper

“...prompting the government to pledge to boost domestic spending and investment.

Why not reduce tax rates? If current tax rates provide for the budgeted costs of government, and a surplus why is the knee jerk reaction “we’ll increase spending to eat up the surplus”?

Stupid.


8 posted on 01/15/2014 3:33:02 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2016; I pray we make it that long.)
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To: lee martell

No worries, after careful consideration and input from his top advisors, Obama has decided to scold Germany for exporting so much. Problem solved.


9 posted on 01/15/2014 4:38:40 AM PST by StevieRay20
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To: Berlin_Freeper

amazing!!!


10 posted on 01/15/2014 7:55:47 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Berlin_Freeper

Free Traitors love income taxes, low (or no) import tariffs and open borders. Yeah we’re f’d.


11 posted on 01/15/2014 8:00:09 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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